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Your data will not be shared with a third party other than for the purpose of completing the service which you have applied for. 

Phone 0800 1223 170

to make a telephone application

Lines open: Mon - Fri 9am- 5:30pm

Phone 0800 1223 170

to make a telephone application

Lines open: Mon - Fri 9am- 5:30pm

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Copyright 2016 by Pension Tracing Service ® 

This service is not affiliated with the Department of Work and Pensions or any government body. The Pension Tracing Service does not offer financial advice to our clients. However we can allocate you an Authorised and Regulated Pension Specialist. 

Copyright 2016 by Pension Tracing Service ® 

This service is not affiliated with the Department of Work and Pensions or any government body. The Pension Tracing Service does not offer financial advice to our clients. However we can allocate you an Authorised and Regulated Pension Specialist. 

Delaying your annuity

Delaying your annuity

Pensioners are no longer obligated to buy a pension annuity by their 75th birthday and neither is it mandatory to start drawing retirement income on the date that was originally chosen for retirement. You can delay taking your retirement income depending on the rules or the contract terms of your specific pension scheme. You can also delay taking your state pension, for example, if you want to continue working or saving more into it. This will not prevent you from taking your retirement income and any tax-free cash. But there is little to be gained from delaying your annuity – in fact, you may end up losing out. For starters, you could end up being taxed if you die or take a lump sum due to serious ill health before you secure your annuity after your 75th birthday. And delaying your annuity in the hope of securing a better deal at a later date could also be counterproductive – you may not live to see benefits. Experts recommend just buying an annuity when it is needed rather than delaying it.

Pensioners are no longer obligated to buy a pension annuity by their 75th birthday and neither is it mandatory to start drawing retirement income on the date that was originally chosen for retirement. You can delay taking your retirement income depending on the rules or the contract terms of your specific pension scheme. You can also delay taking your state pension, for example, if you want to continue working or saving more into it. This will not prevent you from taking your retirement income and any tax-free cash. But there is little to be gained from delaying your annuity – in fact, you may end up losing out. For starters, you could end up being taxed if you die or take a lump sum due to serious ill health before you secure your annuity after your 75th birthday. And delaying your annuity in the hope of securing a better deal at a later date could also be counterproductive – you may not live to see benefits. Experts recommend just buying an annuity when it is needed rather than delaying it.

Help me

Help me

my pensions

my pensions